CAONKingston (Central City East)442 Macdonnell Street

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442 Macdonnell Street, Kingston (Central City East), ON

Name: 442 Macdonnell Street, For Sale in Kingston (Central City East) - eXp Realty
Brand: CENTURY 21 LANDUNION REALTY INC.
SKU: X13778204
Price: 2375000 CAD

House

For Sale

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12123

MLS® X13778204

Property Details
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Description

Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 7 one-bedroom units and 5 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $182, 600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. Financial statements and rent roll available upon request. (id:58753)Show Description

Key Facts

Levels Residential Income

Size -

Garage Yes

Taxes $20,636

Days Active 0

MLS® Number X13778204

Central VacNo

FireplaceNo

GarageYes

BasementNone

DrivewayNo Garage

HeatBaseboard heaters, Electric

Additional Information

Siding Brick

Sewage System Other

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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